DIT vs QQQ: Correlation
AMCON Distributing Company (DIT) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.00.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIT and QQQ?
On 3 years of weekly data the DIT/QQQ correlation comes out at 0.00, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.01 over 1 year against 0.00 over 3. The 5-year figure is 0.06, and annualized covariance runs at 2.8 %².
Out of 11 assets tracked against DIT, QQQ lands near the bottom at #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 36.2 percentage points (-9.9% for DIT against +26.3% for QQQ). Note the risk asymmetry: DIT runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DIT vs QQQ: side by side
| DIT (AMCON Distributing Company) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -9.9% | +26.3% |
| 5-year return | -29.8% | +95.4% |
| Volatility (ann.) | 35.6% | 19.6% |
| Beta vs S&P 500 | 0.09 | 1.28 |
| Max drawdown (3Y) | -55.9% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 35.8 | – |
| Dividend yield | 0.63% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | DIT | QQQ |
|---|---|---|
| 2022 | -6.4% | -32.6% |
| 2023 | +8.1% | +54.9% |
| 2024 | -33.7% | +25.6% |
| 2025 | -12.8% | +20.8% |
| 2026 | -6.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIT and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.00 means the two rarely move for the same reasons.
FAQ
What is the correlation between DIT and QQQ?
The DIT/QQQ correlation stands at 0.00 on a 3-year window (1 year: 0.01, 5 years: 0.06), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DIT?
By historical standards, yes. A correlation of 0.00 means the two rarely move for the same reasons.
What does a correlation of 0.00 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dit-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dit-vs-qqq/)
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Related comparisons
Hubs: DIT correlations · QQQ correlations
